# L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF Accum GBP (SUK2) **Page:** https://fundology.uk/fund/suk2 · ISIN IE00B4QNK008 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, SUK2 (L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF Accum GBP, ISIN IE00B4QNK008) closed at £1.84 on the London Stock Exchange. Its ongoing charge is 0.60% a year (about £60 on £10,000). Over the five years to 13/11/2026 its total return was −58.5%, or −67.6% after UK CPIH inflation. ## Summary L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF Accum GBP is an exchange-traded fund (ETF) from L&G, launched in 2009. It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.6% a year — about £60 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. > **Leveraged & inverse:** Built for short-term trading. Because the multiple resets every day, losses can build up quickly when held for longer, even if the index ends up where it started. Latest close: **£1.84** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SUK2 | | ISIN | IE00B4QNK008 | | Category | Leveraged & inverse | | Type | ETF | | Provider | L&G | | Tracks | FTSE 100 Daily Super Short Strategy Net Total Return Index - GBP | | Income | Accumulating | | Ongoing charge | 0.60% a year (£60 per £10,000) | | Fund size | £5.5m | | Launched | 2009 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/07/2010 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -16.35% | -19.31% | income reinvested | | 3 years | -50.80% | -55.55% | income reinvested | | 5 years | -58.51% | -67.62% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF Accum GBP in pounds (price, with income reinvested in the fund): 2022 −14.0%, 2023 −6.4%, 2024 −8.2%, 2025 −31.4%; 2026 to 13/11/2026 −17.0%. Returns of L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF Accum GBP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −19.8%; to 30/09/2025: −22.1%; to 30/09/2024: −13.1%; to 30/09/2023: −19.5%; to 30/09/2022: −10.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -14.0% | -21.2% | Price | | 2023 | -6.4% | -10.1% | Price | | 2024 | -8.2% | -11.3% | Price | | 2025 | -31.4% | -33.8% | Price | | 2026 to 13/11/2026 | -17.0% | -19.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 24.90% | -23.62% | | 3 years | 22.22% | -52.51% | | 5 years | 24.65% | -62.10% | ## Largest fall Volatility of L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF Accum GBP in pounds, annualised from weekly returns to 13/11/2026: 24.9% over 1 year, 22.2% over 3 years, 24.7% over 5 years. Largest fall in the price of L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF Accum GBP since November 2021, in pounds: −62.1% from 26/11/2021 to 07/08/2026. The lowest 12-month return of L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF Accum GBP in pounds (price, with income reinvested in the fund) since January 2021 was −42.6% (12 months to 10/04/2026); the highest was +9.1% (12 months to 09/02/2024). On 13/11/2026 the price of L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF Accum GBP was 62.0% below its highest weekly close since November 2021 (26/11/2021), in pounds. ## Charges compared with similar funds Ongoing charge of L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF Accum GBP 0.60% a year. Compared on 14/11/2026, 171 of the 210 other leveraged and inverse products charge more, 13 the same and 26 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.60%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of SUK2?** The ongoing charge of SUK2 is 0.60% a year — about £60 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF Accum GBP 0.60% a year. Compared on 14/11/2026, 171 of the 210 other leveraged and inverse products charge more, 13 the same and 26 less (share classes counted once). **What does SUK2 track?** SUK2 tracks the FTSE 100 Daily Super Short Strategy Net Total Return Index - GBP. **Is SUK2 accumulating or distributing?** SUK2 is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of SUK2?** The ISIN of SUK2 is IE00B4QNK008. An ISIN identifies one exact share class of a fund; SUK2 is its ticker on the London Stock Exchange. **What were SUK2’s returns in each of the last five years?** Calendar-year returns of SUK2 in pounds (price, with income reinvested in the fund): 2022 −14.0%, 2023 −6.4%, 2024 −8.2%, 2025 −31.4%; 2026 to 13/11/2026 −17.0%. Past performance is not a guide to future returns. **How has SUK2 done after inflation?** Over the five years to 13/11/2026 SUK2’s total return was −58.5%, or −67.6% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at L&G](https://fundcentres.landg.com/en/uk/private-investors/fund-centre/ETF/FTSE-100-Super-Short-Strategy-Daily-2x/IE00B4QNK008/) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.